Microsoft starts accepting BitCoins as a mode of payment

Microsoft has started the Bitcoin-trading apps allowing the users to buy apps, games and more for Windows, Windows Phone, and Xbox in exchange of digital currencies.

Users can now add your Bitcoins to their Microsoft account at current market value and use them to buy anything from Windows Store, may it be Xbox Videos, Xbox Music, Xbox Games, Windows Apps or even a copy of Windows.

Talking about this digital currency trade-in, Eric Lockard, corporate vice president of Universal Store at Microsoft said in an official blogpost,

“For us, this is about giving people options and helping them do more on their devices and in the cloud. The use of digital currencies such as Bitcoin, while not yet mainstream, is growing beyond the early enthusiasts. We expect this growth to continue and allowing people to use Bitcoin to purchase our products and services now allows us to be at the front edge of that trend.”

Usually, while adding funds in Microsoft account, you get the options of credit card but now a new option of Bitcoin will also appear on the page. The payment will be done via BitPay. You just need to select the amount of money you want to add and BitPay will automatically give you the equivalent Bitcoin amount along with the payment instructions.

Microsoft has set a limit of trade per day and you can exchange minimum of $1,000 and maximum of $5,000. Currently, the Bitcoin exchange is available only for the U.S users and there is no official word about making it global for now.

If you are a Windows user from the U.S login to your Microsoft account and start trading in exchange of Bitcoins. Know more about the new mode of payment at the official Microsoft Blog.

Shiwangi Peswani is a qualified writer and a blogger, who loves to dabble with and write about computers and the Internet. While focusing on and writing on technology topics, her varied skills and experience enables her to write on any topics which may interest her.